In recent decades, the UAE has achieved remarkable growth. It has quickly established itself as a top corporate centre, attracting multi-national enterprises and international corporations from all over the world. With modern infrastructure, business-friendly legislation, and strong investment prospects, the area provides an ideal environment for enterprises to thrive. Forbes Middle East has announced its inaugural UAE 100 rating, ranking 100 companies based on total assets, market capitalization, net earnings, and revenues. The following are the top 20 UAE public limited firms that have appeared on the Forbes list, ranging from banking behemoths to global property developers.
The UAE is home to some of the world’s most valuable companies, which are listed on its two main stock markets. See which major companies have made important contributions to the country’s development into the affluent economic powerhouse that it is today.
FIRST ABU DHABI BANK
First Abu Dhabi Bank was founded in December 2016 by the merging of First Gulf Bank and National Bank of Abu Dhabi. The collaboration of the two successful banks has expedited their expansion and spurred more investment and economic diversification. It is one of the top banks in Abu Dhabi.
FAB offers a variety of goods, services, and solutions to its consumers. The bank’s worldwide network covers five continents, allowing it to assist local, regional, and global businesses wishing to do business both locally and internationally.
- Sector: Banks and Financial Services
ETISALAT GROUP
Etisalat Group, headquartered in Abu Dhabi, is the largest telecommunications business in the Gulf area. It serves more than 300,000 organizations and 11.6 million customers in the UAE and is committed to using cutting-edge technologies. The blue-chip company has a combined net revenue of AED 53.34 billion and strong credit ratings.
- Sector: Telecommunications
EMIRATES NBD
The merger between Emirates Bank International and the National Bank of Dubai led to the founding of Emirates NBD. It provides brokerage, asset management, global markets and treasury, private banking, investment, retail, and corporate services. On March 31, 2022, Emirates NBD’s total assets were AED 694 billion.
- Sector: Banks and Financial Services
ABU DHABI COMMERCIAL BANK
Abu Dhabi Commercial Bank is a full-service bank that offers foreign exchange, Islamic products, property management, currency and interest rate derivatives, and investment banking. Throughout the years, it has received various honors, including the Gulf Customer Experience Award for Customer Satisfaction and the GTR – MENA National Award 2020 for the Best Trade Finance Bank in the UAE.
- Sector: Banks and Financial Services
EMAAR PROPERTIES
The next government-owned entity to have made to the list is Emaar Properties. Its renowned developments include Park Field in Dubai Hills Estate, Lotus at Dubai Creek Harbour, and Vida Residences at Dubai Marina. The Dubai real estate development firm has transformed inhabitants’ lifestyles through demonstrated expertise in hotel and retail.
- Sector: Real Estate & Construction
DP WORLD
DP World, based in Dubai, brings the globe to the UAE. The trade facilitator combines global solutions to provide businesses access to the whole region and beyond. Mina Al Hamriya, Jebel Ali Port, and National Industrial Park are among the initiatives in its portfolio. It has received several honors, including the RTA’s Dubai Award for Sustainable Transport 2022 and the Diversity and Equality Award 2021.
- Sector: Logistics
DUBAI ISLAMIC BANK
Dubai Islamic Bank, a pioneer in Islamic banking and finance, offers unique investment and financing options. It serves 5 million people and is regarded the most innovative Islamic financial institution in the world, with over 500 branches distributed around the globe. Dar Al Sharia, Panin Dubai Syariah Bank, Bank of Khartoum, and Deyaar are some of its important subsidiaries and associates. It is one of Dubai’s top Islamic banks.
- Sector: Banks and Financial Services
ABU DHABI ISLAMIC BANK
Abu Dhabi Islamic Bank is a market leader in Islamic banking and the world’s fourth largest Islamic bank by assets. It was founded in 1997 and has assets of USD 37 billion. The universal bank provides a highly personalized experience. It provides world-class digital banking services while adhering to strict corporate governance guidelines.
The larger business provides real estate management, insurance, and brokerage services throughout the Kingdom of Saudi Arabia, Qatar, Iraq, Sudan, and the United Kingdom. EMEA Finances has also named it the Middle East’s Most Innovative Bank.
- Sector: Banks and Financial Services
MASHREQ BANK
Mashreq Bank, founded in 1967 in Dubai, is one of the country’s oldest banks. It has a strong presence in Asia, Europe, the United States, and Africa. The bank continues to provide innovative products and services and has won various honors, including Euromoney’s award for Most Innovative Bank in the Middle East. It offers the most competitive mortgage packages, as well as direct banking and money transfer services.
- Sector: Banks and Financial Services
UNION NATIONAL BANK
Union National Bank was established in 1982 in Abu Dhabi and has since grown to become the country’s main domestic bank. It provided a variety of goods and services through its 50-plus locations until it merged with Abu Dhabi Commercial Bank in 2019.
- Sector: Banks and Financial Services
TAQA
TAQA is an integrated utilities champion with roots in Abu Dhabi. The UAE’s oil and gas operations have contributed to the country’s success. The UAE government entity was listed on the Abu Dhabi Stock Exchange in 2005 to ensure that power and water demands are addressed. It now has operations in the United Arab Emirates, Saudi Arabia, Oman, Iraq, and the United Kingdom.
- Sector: Oil & Gas
DU
DU was founded in 2006 and has significantly strengthened the telecoms industry. With its internet connectivity, mobile and landline services, it has been at the forefront of social transformation and bringing businesses and people together. It has built a data hub and offers carrier services, pushing connection to new heights.
- Sector: Telecommunications
ADNOC DISTRIBUTION
ADNOC Distribution is the first government-owned corporation specializing in petroleum product marketing and distribution. It was founded in 1973 and has since grown to become one of the world’s leading petroleum companies. It serves over 20 million visitors per year as a significant operator of retail petroleum service stations and has over 360 service stations distributed across Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Umm Al Quwain, and Ras Al Khaimah.
- Sector: Retail
ALDAR PROPERTIES
Aldar Properties is one of the UAE’s largest real estate developers. With a wide portfolio that is concentrated on Aldar Investment and Aldar Development, it has constructed residential liveable communities in Abu Dhabi including Reem Island, Al Raha, Saadiyat Island and Yas Island.
Aldar Investment handles AED 16 billion in investments across commercial, residential, and retail assets. Aldar Hotel and Leisure, Aldar Estates, and Aldar Education are also managed by the group.
- Sector: Real Estate & Construction
DAMAC PROPERTIES
Since its inception in 2002, DAMAC Properties has transformed the Middle East’s premium real estate sector. It offers unrivaled iconic recreational, residential, and business assets.
The portfolio of the public limited corporation includes world-class golf projects. DAMAC Properties has received over 100 honors over the years.
- Sector: Real Estate & Construction
COMMERCIAL BANK OF DUBAI
Commercial Bank of Dubai has been instrumental in the emirate’s banking sector’s modernization. It is the first pick for a comprehensive variety of financial services. The bank, which was founded in 1969, was nationalized in 1982 after extensive operational restructuring. With a solid financial foundation, its commercial and retail banking products and services are in great demand in the UAE.
- Sector: Banks and Financial Services
RAK BANK
The National Bank of Ras Al Khaimah, often known as RAK BANK, is a public joint stock enterprise that primarily provides commercial and personal banking services. It operates 27 locations and offers a variety of electronic banking services as well as Sharia-compliant services. It is a member of the UAE Banking Federation and follows the Customer Charter, and its shares are publicly listed on the Abu Dhabi Exchange.
- Sector: Banks and Financial Service
NATIONAL BANK OF FUJAIRAH
NBF Financial Services, NBF Capital, and NBF Trade Services are the three subsidiaries of the National Bank of Fujairah. The best bank in Fujairah has an excellent reputation and seeks to give excellence in commercial and corporate banking, as well as treasury and trade finance.
Its financial services have aided businesses as diverse as healthcare, education, construction, manufacturing, and oil and shipping. To assure growth in an ever-changing industry, the bank relies on its extensive market understanding.
- Sector: Banks and Financial Services
DUBAI INVESTMENTS
Dubai Investments is a UAE-based investment company that was created in 1995 and is now regarded as a key participant. It has 15,603 shareholders and was initially listed on the Dubai Financial Exchange in 2000, with investments in education, healthcare, finance, industry, and real estate. It contributes to the growth of the UAE economy with a share capital of around AED 4.25 billion.
- Sector: Investments Market
AIR ARABIA
Air Arabia is the UAE’s first budget airline, serving the Gulf area and beyond. It serves 101 locations and offers excellent value to its consumers in terms of comfort and dependability.
The government-owned organization was established to improve the lives of a broader sector of society. It even has a specialized corporate social responsibility initiative to help underserved communities.
- Sector: Transportation
HOW CAN I GET A DUBAI INVESTOR VISA?
There are different Dubai investor visa requirements that you must complete in order to get a three, five, or ten-year residency, such as UAE-based investment funds.
WHAT IS THE BUSINESS START-UP PROCESS IN DUBAI?
If you want to start a business in Dubai, you must first decide whether to do it on the mainland or in a free zone. You will then need to select a business name, apply for a license, and locate an office location.
That brings us to the end of our tour to the best public limited firms in the UAE. These organizations are critical to the country’s economic growth and development as a worldwide corporate hub.
Do you want to profit from the country’s expanding economy? Investing in real estate is a fantastic choice to explore. Foreigners can even obtain a real estate investment visa for the UAE, which opens up a world of possibilities for them.
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